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[size=36]Oil prices fell due to the increase in crude inventories in the United States[/size]
Economie| 09:15 - 03/11/2021
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Follow-up - Mawazine News:
Oil prices fell, on Wednesday, due to a significant increase in crude oil inventories and distillates in the United States, and with mounting pressures on OPEC to increase supplies.
Brent crude futures fell 71 cents, or 0.9 percent, to $84.00 a barrel.
US West Texas Intermediate crude futures also fell $1.10, or 1.3%, to $82.81 a barrel.
The American Petroleum Institute announced the sixth consecutive week of increased crude oil inventories, and with the Biden administration exhausting every potential appeal to OPEC+ members before tapping into the Strategic Petroleum Reserve. Ended 29/A 4
Oil prices fell, on Wednesday, due to a significant increase in crude oil inventories and distillates in the United States, and with mounting pressures on OPEC to increase supplies.
Brent crude futures fell 71 cents, or 0.9 percent, to $84.00 a barrel.
US West Texas Intermediate crude futures also fell $1.10, or 1.3%, to $82.81 a barrel.
The American Petroleum Institute announced the sixth consecutive week of increased crude oil inventories, and with the Biden administration exhausting every potential appeal to OPEC+ members before tapping into the Strategic Petroleum Reserve. Ended 29/A 4
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